The global Basil Extract market garnered US$ 55 Million in 2021 and is likely to exhibit a Y-o-Y increase of 3.6% to be valued at US$ 57 Million in 2022. The primary driver for the growth of the basil extract market is considered to be the upsurged demand for stress-reducing pills and the common cold.
Basilis a culinary herbwhich is also known as
Saint-Joseph’s- wort. Botanical name of Basil is Ocimum basilicum. It is also
called the “king of herbs”. Basil is a native herb of India and it is commonly
known as Tusli. It’s being used as an ayurvadic medicine for more than 500
years to reduce life’s stress. Several research report supports the use
of basil extract for human use. The nutritional value of basil
extracts is also high as it is a rich source of calcium, zinc, vitamin A and C
zinc and iron. The chemicals present in the basil extract are known for
reducing body pain and inflammation. Basil extract is known for its property to
reduce blood sugar level and is classified as an adaptogen which helps the body
to remain fit and strong. A number of studies indicates that Basil has the
ability to reduce infections caused by bacteria.
“Growing emphasis on herb-based therapeutics and
increasing awareness about the health benefits of Basil leaves have augmented
the application in the personal care industry. Manufacturers are conducting
research and developing new products like cough syrups, skin ointments, juices,
and pulps.”
Market Segmentation:
Basil extract is segment on the basis of application, type
and region. On the basis of application market is segmented into
pharmaceuticals and personal care products. Among both the segments application
in pharmaceuticals is expected to grow enormously in the coming future. The
demand for basil extract is more due to the benefit it offers as well as easy
availability of product to the consumer.
On the basis of form the market is segmented into powder,
capsule and oil.Basil extract come in different types but the most popular in
the market is the oil segment. Basil extract is a great source of special
properties which provide various health benefits. It acts as an analgesic,the
basil extract helps to prevent dental caries and also it inhibit fungal
infection caused by candidaalbicans and candida tropicalis. Basil extract is
also helpful to increases testosterone level in males and has the ability to
cure liver damage as well. On the basis of region red vine extractmarket
is segmented into North America, Latin America, Western Europe, Eastern Europe,
Asia Pacific, MEA and Japan.
Market Regional Outlook:
Regional segment for the market of Basilextractis divided
into seven different regions: North America, Latin America, Western Europe,
Eastern Europe, Asia Pacific, MEA and Japan. Among these segment Asia Pacific
is expected to have the major market share globally, as it is the largest
producer and consumer of basilextract. In Asia Pacific region the countries
like India and china are generating the major revenue. In terms of revenue
North America is the second prominent contributor in thebasilextract market.
Market Drivers:
The rise in demand for stress reducing pills is expected to
drive the growth of global basil extractmarket. Basil extractis not only a rich
source of vitamins but it also exhibits some special properties such as
anti-cancer, good mosquito repellent, prevents cardiovascular diseases and
treats ulcers. It also helps in reducing blood sugar level and fights against
bacterial infection. These versatile properties of basil extract is attracting
the pharmaceutical segment to a greater extent which will drive the basil
extract market to a greater extent.Moreover, the market is also driven by the
increasing awareness among the consumers about the health benefits associated
with basil extract.
Market Key Players:
Some of the key players in basil extractmarket
areMartin Bauer Group, Penta Manufacturing Company, Cepham Inc., Kefiplant,
A.M. Todd Botanical Therapeutics, Amoretti, FLAVEX Naturextrakte GmbH,
DaXingAnLing Lingonberry Organic Foodstuffs Co., Ltd., and NOW Foods among
others.
Regional analysis for Basil Extract Market includes:
- North
America
- US
& Canada
- Latin
America
- Brazil,
Mexico, Others
- Western
Europe
- EU5
- Nordics
- Benelux
- Eastern
Europe
- Russia
- Poland
- Rest
of Eastern Europe
- Asia
Pacific
- Australia
and New Zealand (ANZ)
- Greater
China
- India
- ASEAN
- Rest
of Asia Pacific
- Japan
- Middle
East and Africa
- GCC
Countries
- Other
Middle East
- North
Africa
- South
Africa
- Other
Africa
Report Highlights:
- Detailed
overview of parent market
- Changing
market dynamics in the industry
- In-depth
market segmentation
- Historical,
current and projected market size in terms of volume and value
- Recent
industry trends and developments
- Competitive
landscape
- Strategies
of key players and products offered
- Potential
and niche segments, geographical regions exhibiting promising growth
- A
neutral perspective on market performance
- Must-have
information for market players to sustain and enhance their market
footprint
Frequently Asked Questions
- What
is the estimated market value of the global Basil Extract market in 2021?
- What
is the projected CAGR of the global Basil Extract market until 2032?
- What
is the expected market value of the global Basil Extract market by 2032?
- Which
end-use segment of Basil Extract is driving the global market?
- What
is the estimated market value of the North American market?